Tuesday, February 4, 2020

How this retired couple learned to stop bleeding money - MarketWatch

I grew up middle-class in the 1950s with a litany of lines like that from my Depression-era mother. Usually, I didn't listen to them. But now that I'm 70 and figuring out ways to budget in retirement in San Francisco, I'm taking my mom's advice to heart.

* * *

But my retired husband Jim, who's 76, and I have realized we needed to stop bleeding money. So, we're getting better at it. And you might want to try some of our money-saving techniques, too, if you're retired or will be soon.

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Publisher: MarketWatch
Date: 2020-02-04T09:51:00-05:00
Author: Louise Nayer
Twitter: @624413
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In case you are keeping track:

A Peek Inside YouTube's Money Machine - The New York Times

The tech giant surprised Wall Street yesterday when it offered some financial information about YouTube, long a closely guarded secret. But the new information was part of a quarterly report from Alphabet, the parent company, that didn't meet investor expectations.

YouTube collected over $15 billion in revenue last year, which Rob Copeland of the WSJ says was on the "lower end of projections." It suggests that YouTube took in less than $8 a year from each of its two billion users.

Date: 2020-02-04T11:23:59.000Z
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Super Bowl spending a huge waste of money | Your Town | heraldmailmedia.com

Thursday is the day for the special rally to include in Hancock's application for a "makeove…

Publisher: Herald-Mail Media
Author: Melissa Slifer
Twitter: @HeraldMailNews
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Parent Survival Guide: Teaching kids the value of money

CHARLESTON, S.C. (WCSC) - Eight-year-old twins Jerahmiah, Joshua, and their 5-year-old little brother Michael are learning an early lesson in finances and saving money.

* * *

Lynn Mchoney says she and her husband are trying to teach the boys money habits by giving them an allowance for the chores they complete around the house.

She says by giving the boys an allowance she's slowly starting to see she and her husband's money lessons catching on.

Publisher: _____
Date: 2020-02-03T21:37:30.683Z
Author: Aisha Tyler
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In case you are keeping track:

Scorpio: Be cautious with your money | Lewiston Sun Journal

CELEBRITIES BORN ON THIS DAY: Oscar De La Hoya, 47; Gabrielle Anwar, 50; Clint Black, 58; Alice Cooper, 72.

TAURUS (April 20-May 20): Practicality will be necessary when dealing with career or financial prospects. Refrain from investing in someone other than yourself. Focus on what you are doing, and do the best job possible. Don’t buy into a scam or look for easy money. 3 stars

GEMINI (May 21-June 20): You’ll get the wrong impression about someone if you make assumptions or act in haste. Choose to respond with affection and kindness instead of criticism, and you will offset a situation that can lead to a loss. Avoid joint ventures. 3 stars

Publisher: Lewiston Sun Journal
Date: 2020-02-04T05:00:00-05:00
Twitter: @sunjournal
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Pete Buttigieg tells MarketWatch about his approach to spending and saving money — and not

They say the best way to understand a politician is to follow the money. But tax returns and campaign contributions only tell part of the story. The real window to the financial soul is the wallet. People reveal a lot about their character and priorities by how they handle money: what they splurge on, what they are frugal about, how they use it, and how they don't.

With that in mind, MarketWatch asked each of the presidential candidates the same personal-finance questions. Pete Buttigieg is up first — and the former South Bend, Ind., mayor has a cautionary tale that any kid who's ever collected baseball or Pokémon cards will relate to.

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Publisher: MarketWatch
Author: Jeremy Olshan
Twitter: @624413
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3 smart things to do with your money when you start making 6 figures - Business Insider

Making six figures is certainly exciting, but it requires a little bit more money management. Here are three moves you should consider making once you reach a $100,000 per year salary. 

"The six-figure mark is a great time to get serious about saving for retirement," says financial planner Sophia Bera of Gen Y Planning . "I use 15% as a rough estimate on what you should be saving for retirement ," she says.

For an 401(k) (usually an employer-sponsored account) the maximum contribution in 2020 is $19,500. 

Publisher: Business Insider
Date: 2020-02-03
Author: Liz Knueven
Twitter: @BI_Strategy
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How to avoid these tempting bank-draining money traps | wcnc.com

CHARLOTTE, N.C. — Have you ever fallen into a money trap at a big box store by purchasing things you don't need just because you think you're going to save some money? 

A money trap is defined as spending more than you wanted or intended to. It happens to a lot of people, but there are ways to avoid these common pitfalls and hold onto your hard-earned money. 

The next trap is a store credit card offer. We all get that pitch at checkout, but here's the thing: those cards really don't save you money unless you pay them off right away. For example, in December Target's Red Card had an interest rate of 24.6% and Walmart's rewards card was 26.9, basically 27% interest. If you carry a balance on those cards, who cares if you're saving 5% at checkout on an item when you're paying triple that in interest? 

Publisher: WCNC
Date: 2/4/2020 1:05:31 PM
Twitter: @WCNC
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